Thursday, 30 April 2015

NEWS WRAP - APRIL 30, 2015

  • East Central Railways issues 'zero value tickets' to 7,000 quake victims.
  • Punjab National Bank (PNB) first bank to roll out Sukanya Samriddhi Scheme.
  • Veteran actor Mukesh Khanna appointed Chairperson of Children Film Society of India (CFSI).
  • Colgate-Palmolive India announces Voluntary Retirement Scheme (VRS) to employees at Waluj.
  • Virat Kohli extends Bengaluru partnership with fashion label Wrogn.
Source: Economic Times

Wednesday, 29 April 2015

NEWS WRAP - APRIL 29, 2015

  • Snapdeal appoints Idi Srinivas Murthy as senior vice president of marketing.
  • Restaurant chain Mast Kalandar launches mobile-based delivery only service 'MK Dabbawala'.
  • CCI gives nod to Ultratech Cement to acquire two cement units of Jaiprakash Associates.
  • Flipkart, Myntra to leverage common infrastructure, logistics post merger.
  • Kumar Mangalam Birla likely to become Century Textiles, Enka Chairman.
Source: Economic Times

Tuesday, 28 April 2015

NEWS WRAP - APRIL 28, 2015

  • Anil Ambani owned Reliance Communications raise $ 300 million through offshore funds with a coupon of 6.5%
  • Vatika Group's construction finance facility worth Rs. 150 crore sanctioned by Piramal Fund.
  • Online travel company MakeMyTrip gets a new logo along with a new tagline.
  • TRAI's website gets hacked after it discloses the email ids of  people who wrote on net neutrality.
  • Generic drugmaker Wockhardt Ltd to recall some drugs made in India after US FDA concerns.
Source: Economic Times

Monday, 27 April 2015

NEWS WRAP - APRIL 27, 2015

  • Infosys CEO hires former SAP executive Yusuf Bashir to run $500 million innovation fund.
  • Yes Bank opens representative bank in Abu Dhabi.
  • Government floats 'Emergency' quota for last minute flyers.
  • At $5 billion valuation, China's Alipay to buy 25% stake in Micromax.
  • Capgemini to acquire IGate; transaction will amount to $4.04 billion.
  • BCCI recommends Rohit Sharma for Arjuna Award.
Source: Economic Times 

Saturday, 25 April 2015

NEWS WRAP - APRIL 25, 2015

  • Vir Sanghvi launches EazyDiner, a restaurant reservation & concierge services platform.
  • Directorate of Revenue Intelligence detects undervaluation of the liquor imported.
  • Goverment to set cap prices of essential medical devices.
  • State run Rural Electrification Corporation transfers two transmission projects to Power Grid.
  • MyHep, a generic hepatitis C drug launched in India by Mylan Pharmaceuticals.
Source: Economic Times

Friday, 24 April 2015

NEWS WRAP - APRIL 24, 2015

  • Sequoia Capital invests $ 18 million in online ethnic store Craftsvilla.
  • Johnson & Johnson's Pharmaceutical division Janssen launches diabetes treatment drug in India.
  • RBI directs banks to add a 'third gender' column in all forms.
  • CCI (Competition Commission of India) disposes a case against Gujarat Gas Company alleging unfair trade practices.
Source: Economic Times

Wednesday, 22 April 2015

NEWS WRAP - APRIL 22, 2015

  • Coca Cola's land allotment in Tamil Nadu cancelled after a strong local protest.
  • Bengaluru based fashion e-commerce startup Eat.Shop.Love raises $ 3.5 million in angel funding.
  • After CEO Giorgio De Roni quits GoAir, 30 GoAir pilots put in their papers.
  • DDB Mudra roped in as the creative head for Aircel India.
  • Century Textiles to merge their Cement business with K.M. Birla owned Ultra-Tech Cement.
Source: Economic Times

Monday, 20 April 2015

NEWS WRAP - APRIL 20, 2015

  • Tata Teleservices to drop DoCoMo from its telecom brand Tata Docomo.'
  • Ernst & Young ropes in 150 lawyers for new vertical e-Discovery.
  • IRCTC to offer baggage insurance for railway journey.
  • US private equity firm Advent International Corp-led consortium to buy consumer product business of Crompton Greaves India for up to $ 350 million.
  • Spanish brewer Mahou-San Miguel considering to invest around Rs. 120 crore in India.
Source: Economic Times

Saturday, 18 April 2015

NEWS WRAP - APRIL 18, 2015

  • Income Tax authority issues fresh notice to Vodafone over Hutch-Vodafone deal.
  • Anand Narang to head marketing at the device business of Reliance Jio.
  • Maharashtra Food & Drug Administration raids Snapdeal for selling prescription drugs online.
  • Indian Medical Association to create organ donors' registry in Kerela.
  • Temasek Holdings to buy 3.83% holdings in Glenmark Pharma for Rs. 945 crore.
  • PNB MetLife forays into health insurance segment through the launch of MetLife Major Illness Premium Back Cover.
Source: Economic Times

Friday, 17 April 2015

NEWS WRAP - APRIL 17, 2015

  • TCS announces Rs. 2,628 crore mega bonus to employees to mark its 10 years as a publicly listed company.
  • Top hotels like Taj, Lalit roll out discounts and credit schemes to attract customers in summer.
  • Jindal Saw enters into contract worth Rs. 10,000 crore with group firm JSW Steel.
  • Electronic Money Order replaces older version: Department of Post
  • Hero-backed company Erik Buell Racing files for bankruptcy in US.
Source: Economic Times

Thursday, 16 April 2015

NEWS WRAP - APRIL 16, 2015

  • Pankaj More appointed as the Technology Head for Walmart India.
  • Auto component major Bosch lifts the lockout order at its Jaipur plant.
  • Essar Steel's Vishkhapatnam captive power plant restored after it sustained cyclonic storm damage.
  • Railways to E-auction 100 stations for redevelopment via public-private partnership.
Source: Economic Times

Wednesday, 15 April 2015

NEWS WRAP - APRIL 15, 2015

  • Muthoot Group forays into home loan segment.
  • CCI (Competition Commission of India) slaps a fine of Rs. 4.5 crore on Verifone India Sales alleging unfair business practices.
  • Singapore government's investment arm Temasek Holdings completes the acquisition of SVB India Finance.
  • Vodafone invests Rs 480 crore to ramp up its network and distribution in Uttar Pradesh east circle. 
Source: Economic Times

Tuesday, 14 April 2015

NEWS WRAP - APRIL 14, 2015

  • Oil minister Dharmendra Pradhan said that India shall invest additional $ 6 billion in Rovuma Gas field.
  • Rajeev Gupta and Amol Gupta promoted private equity firm Arpwood raises $ 150 million.
  • Hindustan Petroleum Corporation Limited (HPCL) buys office space worth Rs. 100 crore in Mumbai.
  • Chief Financial Officer of Snapdeal Aakash Moondhra quits.
  • Anil Kumar Sharma takes over  as the new director for Kolkata airport.
Source: Economic Times

Monday, 13 April 2015

NEWS WRAP - APRIL 13, 2015

  • Online grosser ZopNow raises Rs. 62 crore in a fresh round of funding.
  • Government mandates bar-coding of drugs to trace out its origin.
  • Navin Talreja and Kawal Shoor, senior Ogilvy & Mather executives quit to launch their own agency.
  • Seema Modi quits as the head of Heinz India.
Source: Economic Times

Saturday, 11 April 2015

NEWS WRAP - APRIL 11, 2015

  • Apollo Global Management sells 3% of its stake in Dish TV for Rs. 263 crore.
  • Shareholders approve IDFC's  demerger scheme to set up a wholly owned subsidiary IDFC Bank.
  • Nissan India appoints Satinder Singh as vice president for sales, network and customer relations.
  • Kolkata based Skipper bags order worth Rs. 400 crore from Colombia.
  • German Luxury car maker Audi opens first technical service centre for India.
Source: Economic Times

Friday, 10 April 2015

NEWS WRAP - APRIL 10, 2015

  • National Roaming to get cheaper; TRAI's (Telecom Regulatory Authority of India) reduced ceiling tariffs effective from May 1.
  • Indian Railways Financial Institution raises Rs. 1200 crore through 2 year bonds.
  • After Freecharge acquisition, Kunal Shah replaces Alok Goel as CEO of Freecharge.
  • IndiGO and Jet Airways hike ticket cancellation penalties by 50-100%
  • Indian Railways to sign a Memorandum of Understanding (MoU) with National Institute of Design to set up a Railway Design Center.
Source: Economic Times

Thursday, 9 April 2015

NEWS WRAP - APRIL 09, 2015

  • Kalyan Jewellers invest Rs. 200 crore in its Chennai showroom.
  • Haryana government approves 800 MW unit at Panipat thermal power plant.
  • Prime Minister launches Mudra Bank for small firms with a corpus of  Rs. 20,000 crore.
  • Online Retailer Firstcry raises Rs. 62 crore through its fourth round of funding; aims to strengthen its technical team.
  • Glenmark's subsidiary to pay  $ 25 million to settle a pricing case in US.
Source: Economic Times

Wednesday, 8 April 2015

NEWS WRAP - APRIL 8, 2015

  • Rs. 1000 crore invested by Vodafone to ramp up its network in Mumbai.
  • Cabinet Committee on Economic Affairs (CCEA) cleared pharmaceutical majors Glenmark & Aurobindo's foreign investment proposals worth Rs. 4187 crore.
  • SpiceJet arrives at a settlement with its Irish lessor; withdraws plea from Delhi High Court. 
  • Supreme Infra bags Rs. 207-crore contract from National Highway Authority of India(NHAI). 
Source: Economic Times

Tuesday, 7 April 2015

NEWS WRAP - APRIL 04, 2015

  • Jaipur Rugs enters into an agreement to produce hand made rugs for National Geographic collection.
  • Kingfisher Airlines to pay Rs. 372 crore as TDS to the Income Tax department after Supreme Court rules against it.
  • Pharmaceutical company Wellness Forever generates funds worth Rs. 20 crore.
  • Magicbricks.com sign up as associate sponsors for IPL-8.
  • Lockout declared at Jaipur plant of auto component major Bosch.
Source: Economic Times

Monday, 6 April 2015

NEWS WRAP - APRIL 06, 2015

  • Online Fashion Retailer Myntra to shut its website from May 1 & to become only a mobile app based retailer.
  • Reliance Infra backed BSES power distribution companies asked by Delhi Government to clear its dues worth Rs. 6000 crore.
  • Delhi International Airport Limited awarded the Golden Peacock National Quality Award 2015.
  • IndiGo hikes up its borrowing limits by 50% to Rs. 15,000 crore; further 3 more directors to be inducted on board.
Source: Economic Times

Saturday, 4 April 2015

NEWS WRAP - APRIL 4, 2015

  • Raymond enters into an agreement to acquire Robot Systems, a wholly owned subsidiary of Gokaldas Exports.
  • Jupiter Capital exits railway freight company Indialinx (IIL) at $ 10 million.
  • GVK group to set Rs. 500 crore integrated healthcare unit at Sri city in Andhra Pradesh.
  • Luminous Power Technologies forays into luxury decorative fan category.
  • Aditya Birla Nuvo's urea plant in UP resumes production.
  • MTNL broadband rates hiked up to 25% in Mumbai.
Source: Economic Times

Friday, 3 April 2015

NEWS WRAP - APRIL 03, 2015

  • Rs. 7000 crore to be invested by BSNL for setting up 3G, 4G Wifi hotspots.
  • Rajit Mehta elevated as the MD & CEO of Max Healthcare.
  • Anoop Kumar Sharma replaces Ramakrishnan A R as CEO for Essar Shipping.
  • A consumer forum directs Bharti Airtel to pay Rs. 38,500 for deficient service.
  • Madhuri Dixit & Shriram Nene roped in as the brand ambassdors for Eureka Forbes.
Source: Economic Times

Thursday, 2 April 2015

NEWS WRAP - APRIL 02, 2015

  • Meghalaya High Court approves the demerger of Star Ferro and Cement Ltd.
  • Dr. Reddy's Labotaries to buy Belgium based UCB's Indian Arm for Rs. 800 crore.
  • V Shankar quits Standard Chartered Bank to manage a private equity fund.
  • 4 month advance railway booking results in breaking IRCTC's server four times; record 11 Lakh tickets sold in one day.
  • Director General of Civil Aviation (DGCA) issues notice to Jet Airways after Pilots found flying without clearing test.
  • Satish Padmanabhan to replace Sunil Nayyar as sales head of Sony India.
Source: Economic Times

Wednesday, 1 April 2015

NEWS WRAP - APRIL 1, 2015

  • Multi Screen Media to launch new sports channel Sony Kix to air IPL season 8.
  • RBI adopts Basel III standards for capital & Liquidity.
  • Sunil Nayyar appointed as the head of Consumer Electronics  for Sony in US.
  • Reliance Industries signs a product sharing agreement with Myanmar Oil & Gas Enterprise for two offshore blocks.
  • Videocon d2h makes its Nasdaq debut following listing of $ 325 million  by issuing American depository receipts. 
Source: Economic Times